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Elon Musk Reiterates His Worst Nightmare for The Economy

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Elon Musk Reiterates His Worst Nightmare for The Economy


The markets are slumping as investors worry about the consequences of the Federal Reserve’s aggressive interest-rate hikes, designed to fight an inflation rate that’s the highest in 40 years.

The feverishness of investors was marked by the Sept. 13 equity-market rout that followed a report confirming that inflation is not easing. 

This hotter-than-expected inflation report wiped almost $1.6 trillion from the S&P 500, marking the worst session for U.S. stocks since June 2020. 

The rout particularly affected risky assets such as technology groups. The Nasdaq 100 lost more than 5.5%.





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